Addressing AFASA Requirements for Advanced Fraud Protection with Behavioral and Device Intelligence

The rapid acceleration of digital banking in the Philippines, while boosting financial inclusion and convenience, has also heightened its vulnerability to financial fraud. In response, the Philippine government enacted the Anti-Financial Account Scamming Act (AFASA) to protect consumers from scams involving financial accounts, deter scammers by imposing penalties on those found guilty of fraudulent activities, and build trust in the financial system.

Download the white paper to learn more about the responsibilities that financial institutions must accept in protecting their clients’ accounts from unauthorized access and fraud under AFASA and how behavioral and device intelligence solutions align with the key provisions of the law.